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Sinbad Bankrupt; $8 Million IRS Tax Debt

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December 21st, 2009 by Castina

Tagged as: Sinbad

Sinbad’s got it bad. According to The Detroit News, the fallen star is bankrupt, owes more than $8.15 million in back taxes federal taxes and the U.S. Attorney General’s office wants his house sold to help satisfy the debt, according to federal court records. Sinbad, whose real name is Sinbad Adkins, rose to fame on Star Search in the 1980s before landing starring roles in various television shows and movies.
Sinbad-Tax-Debt

On Dec. 11, the day after the government filed the case, the 53,year-old comedian filed Chapter 7 bankruptcy in California, listing between $10 million and $50 million in liabilities and less than $50,000 in assets. The IRS claims Sinbad filed but failed to pay taxes between 1996-2008.

Here’s a breakdown of Sinbad’s IRS debt:

* 1998: $2,358,563
* 1999: $1,136,002
* 2000: $1,170,451
* 2001: $953,758
* 2002: $626,045
* 2003: $542,942
* 2004: $612,367
* 2005: $157,934
* 2006: $599,663

Sinbad will be featured in the forthcoming season of NBC’s Celebrity Apprentice.




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